Elbit Systems reports Q3 EPS $1.65, consensus $1.69

Reports Q3 revenue $1.5B, consensus $1.45B. Bezhalel Machlis, president and CEO of Elbit Systems, commented: “Double digit revenue growth and an almost $2 billion increase in the backlog coupled with the improvement in profitability in the third quarter provide us with confidence in our ability to meet our long term plan and overcome the current challenges. Following the brutal attack on Israel, the outbreak of war on the 7th of October and the increase in demand for our solutions by the Israel MOD Elbit Systems has ramped up its production in support of the Israel MOD and Israel’s security forces. We remain focused on maintaining our commitments to our customers around the world. We appreciate the multiple expressions of support from our customers and business partners around the world. Our hearts and prayers are with the hostages, the soldiers and their families. I would like to express my appreciation to Elbit Systems’ employees around the world that are contributing to our efforts to support Israel and our customers in challenging times.”